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 FOREX NEWS [sub]HTTP[/sub]://FOREX-GLOBAL-NEWS.BLOGSPOT.COM

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nirvanatgr



Posts : 1279
Join date : 2011-05-13

PostSubject: FOREX NEWS [sub]HTTP[/sub]://FOREX-GLOBAL-NEWS.BLOGSPOT.COM    Fri May 13, 2011 8:03 pm

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FOREX NEWS || FOREX TRADE || FOREX GLOBAL || CURRENCY TRADING NEWS || FOREX RESEARCH || FOREX ANALYSIS

Unexpectedly weak data from the U.K.’s manufacturing sector pushes back the likelihood of an interest rate hike sending the Pound Sterling broadly lower in Asian trading. As reported at 2:34 p.m. (JST) in Tokyo, the Pound Sterling traded lower against the safe haven Swiss Franc at 1.4180, a decline of 1.5%. Against the U.S. Dollar, the Pound posted its largest single day drop in more than three months, falling to $1.4646 before rebounding to $1.64
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